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and speaker boehner to sit down and hash it out. and now time for a friendly super hero to get moving. >> i am suiting up and headed down to our capital to save our country. it is not from one side only it takes to both sides. ski have to bring the plan in person as if i don't have enough to do buying meat and cheese for my loved ones. tomorrow, we will stop by the capitol and the white house to talk about a busy talk but that is what super heroes do. the michigan republican congressman who is here to say what his party shouldn't do. congressman, your fear came on taxes. don't do it. >>guest: given the deals we are talking abouts we should not cave on taxes when the amount of spending cuts over 10 years are a drop in the bucket. >>neil: so, when you lost the committee leadership assignment, did that opposition play into that? did speaker boehner say if you were quieter you would still be if a key role? >>guest: well, speaker boehner's staff have not talked to me. the only talking they have done is to the press off the record and ano
and speaker boehner to sit down and hash it out. and now time for a friendly super hero to get moving. >> i am suiting up and headed down to our capital to save our country. it is not from one side only it takes to both sides. ski have to bring the plan in person as if i don't have enough to do buying meat and cheese for my loved ones. tomorrow, we will stop by the capitol and the white house to talk about a busy talk but that is what super heroes do. the michigan republican congressman...
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>> guest: that is accurate, but the fact that president obama, speaker boehner met at the white house sunday, they put out the same statement, they haven't said anything for two days. >> neil: speaker boehner did. he was griping about the president not giving specific on spending. nancy pelosi was saying, you know, boehner is wrong. >> you have to reach to find encouraging news right now. everybody thinks we are going to get together and not let the country go over the fiscal cliff, which, of course, in all common sense and sanity that's what we would do. we have to act. we're on automatic here. you know that. right now i can feel the contrary happening. in both caucuses and the senate, people are beginning to to the inside interest groups so the democrats say don't touch entitlement programs and republicans say i won't support -- >> neil: that's what i'm hearing. driving it further apart. >> yeah, you not going to make it happen that way. there is beginning to be -- there are two conspiracy theories now. one is that the leaders won't mind if the country goes over the cliff because th
>> guest: that is accurate, but the fact that president obama, speaker boehner met at the white house sunday, they put out the same statement, they haven't said anything for two days. >> neil: speaker boehner did. he was griping about the president not giving specific on spending. nancy pelosi was saying, you know, boehner is wrong. >> you have to reach to find encouraging news right now. everybody thinks we are going to get together and not let the country go over the fiscal...
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market closing off the lows of the afternoon after news that president obama and speaker boehner are set for another meeting today on the fiscal cliff, one hour from right now. take a look at how the markets are settling out tonight. as soon as we got that announcement the market went from down 90 to down 50 and it's creeped lower since with a decline on the session of 80 points, finishing at 13,167. a decline of three-quarters of 1% at 2992 on the nasdaq and the s&p gave up 9 at 1419 and the federal reserve and the fiscal cliff weighed in on this market. how do you position yourself? joining me to discuss that our guests. gentlemen, nice to have you on the program. thanks so much for joining us. let me kick this off with you in terms of allocating capital right here in the face of so much uncertainty, fiscal cliff, federal reserve. what is going to be the dominant force in terms of moving money? >> i think you don't fight the fed. i think what happened yesterday is a little bit more of the same we had this year which is the fed is going to try to keep interest rates low until it mov
market closing off the lows of the afternoon after news that president obama and speaker boehner are set for another meeting today on the fiscal cliff, one hour from right now. take a look at how the markets are settling out tonight. as soon as we got that announcement the market went from down 90 to down 50 and it's creeped lower since with a decline on the session of 80 points, finishing at 13,167. a decline of three-quarters of 1% at 2992 on the nasdaq and the s&p gave up 9 at 1419 and...
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are president obama and speaker boehner about to give birth to a two-party fiscal cliff deal? how both sides are trying to meet in the sensible center. >>> and history making newlyweds. robbie perry and paris prince are the first male couple to be celebrated four their wedding in "jet" magazine's famous love section. the men join me on their history making moment and breaking stereotypes. can your moisturizer do that? [ female announcer ] dermatologist recommended aveeno has an oat formula, now proven to build a moisture reserve, so skin can replenish itself. that's healthy skin for life. only from aveeno. look this isn't my first christmas. these deals all seem great at the time... but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho! this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. to the best vacation sp(all) the gulf! [ male announcer ] break from the holiday stress. it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna lo
are president obama and speaker boehner about to give birth to a two-party fiscal cliff deal? how both sides are trying to meet in the sensible center. >>> and history making newlyweds. robbie perry and paris prince are the first male couple to be celebrated four their wedding in "jet" magazine's famous love section. the men join me on their history making moment and breaking stereotypes. can your moisturizer do that? [ female announcer ] dermatologist recommended aveeno has...
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on the fiscal cliff negotiations, president obama, house speaker john boehner, met face to face at the white house today for the first time in more than three weeks. we do not have any details about today's conversations but reps on both sides say the lines of communication remain open. the two men last met on november 16th. also today, another republican senator announced his support for raising tax rates on wealthy americans. tennessee senator bob corker says if the gop agrees to the wealthy tax hike, republicans would be better positioned to negotiate for bigger spending cuts on social security and medicare. >> there is a growing group of folks that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year-end. a lot of people are putting forth a theory and i think it has merit where you give the president the 2% increase that he's talking about, the rate increase on the top 2%. and all of a sudden, the shift goes back to entitlements. and all of a sudden, once you give him the rate on the top 2%, it's actually much lesser tax inc
on the fiscal cliff negotiations, president obama, house speaker john boehner, met face to face at the white house today for the first time in more than three weeks. we do not have any details about today's conversations but reps on both sides say the lines of communication remain open. the two men last met on november 16th. also today, another republican senator announced his support for raising tax rates on wealthy americans. tennessee senator bob corker says if the gop agrees to the wealthy...
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president obama and speaker boehner. they had a weekend rendezvous at the white house. taxes, spending cuts. >>> i'm susan in for s.e. today. michigan's governor driving the motor city in to a fight over the unions. why's the president playing backseat driver? >>> i'm steve kornacki. there's outrage maybe even criminal charges coming in that death of the nurse in england. wait a minute. are we being too hard on the pranksters? >> i'm krystal ball. in to the holiday spiritual. our friend is back at the table with tips to dare we say it enjoy the season? >>> all and that a federal case of it. why when it comes to gay marriage the train can't be stop. neither can we. it's "the cycle" and it's monday, december 10th. >>> it's monday, fun day here at "the cycle." let's get the party started. where will it land today? fiscal cliff? huh. so much for fun. well you know what? we at "the cycle" can make it fun. look at this. the president living it up in motown last hour calling on republicans to stop being party poopers. >> i believe america only succeeds and thrives when we've g
president obama and speaker boehner. they had a weekend rendezvous at the white house. taxes, spending cuts. >>> i'm susan in for s.e. today. michigan's governor driving the motor city in to a fight over the unions. why's the president playing backseat driver? >>> i'm steve kornacki. there's outrage maybe even criminal charges coming in that death of the nurse in england. wait a minute. are we being too hard on the pranksters? >> i'm krystal ball. in to the holiday...
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. >>> boehner ripped into president obama, speaker boehner calling the white house fiscal plan a joke. senator ron johnson is on the budget committee. he joins us. good evening, sir. >> greta, how you doing? >> greta: very well, and calling the plan a joke, i guess he is not going to beat around the bush for us. >> unfortunately, greta, president obama pretty well holds all the cards in this negotiation. if he wants to have tax increases or tax rates go up, i don't see how republicans can stop him, you know, because everybody's taxes are going to increase if congress does nothing, and president obama is the only person that can sign a bill into law and quite honestly, senator harry reid is the only person in the senate that can pass a bill in the senate as well. it sounds like people like howard dean want everybody's taxes to go up. maybe we should feel fortunate that president obama only wants the top two% to g two percent t. >> greta: do you anticipate republicans will vote for a rate increase if this should come to a vote? >> i don't believe they'll vote for a rate increase. what w
. >>> boehner ripped into president obama, speaker boehner calling the white house fiscal plan a joke. senator ron johnson is on the budget committee. he joins us. good evening, sir. >> greta, how you doing? >> greta: very well, and calling the plan a joke, i guess he is not going to beat around the bush for us. >> unfortunately, greta, president obama pretty well holds all the cards in this negotiation. if he wants to have tax increases or tax rates go up, i don't...
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president obama and house speaker john boehner did speak by phone last night. that conversation came after the president offered to reduce his initial request for $1.6 trillion in new revenue to $1.4 trillion but is reportedly not backing down on raising taxes for the top 2%. boehner's spokesman said republicans are still seeking further concessions on spending cuts. >>> well, there are some new details this morning on that london nurse who took her own life after passing through a prank call at the hospital that was treating kate middleton for extreme morning sickness. jacintha saldanha's family reveals that she left a suicide note, though they haven't released details of what that note said. earlier this week, the two deejays who made the call said the tragedy has left them shattered, gutted and heartbroken. >>> now, here's your first look at this morning's "dish of scrambled politics." mitt romney wasn't the only one caught off guard last night. it is reported the powerful conservative koch brothers are postponing a gathering set for next month until april.
president obama and house speaker john boehner did speak by phone last night. that conversation came after the president offered to reduce his initial request for $1.6 trillion in new revenue to $1.4 trillion but is reportedly not backing down on raising taxes for the top 2%. boehner's spokesman said republicans are still seeking further concessions on spending cuts. >>> well, there are some new details this morning on that london nurse who took her own life after passing through a...
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president obama and speaker boehner are keeping an open dialogue. speaking on the phone yesterday after trading secret proposals to avoid the year-end deadline. with few details revealed, officials say the president lowered his initial asking price on tax cuts to $1.4 trillion. president boehner took his displeasure to the house floor. >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. where are the president's spending cuts? the longer the white house slow-walks this process, the closer our economy gets to the fiscal cliff. >> president obama responded, showing republicans where they could find the details. >> it's not a mystery. we've seen this before. this is the document that contains the specific spending cuts. the speaker of the house sent us a proposal that was two pages long that included one sentence on revenue. the proposal here includes, i believe from pages 17 to 45, details on proposed spending cuts by the presi
president obama and speaker boehner are keeping an open dialogue. speaking on the phone yesterday after trading secret proposals to avoid the year-end deadline. with few details revealed, officials say the president lowered his initial asking price on tax cuts to $1.4 trillion. president boehner took his displeasure to the house floor. >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he...
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the chatter is being stirred by knowledgeable washington journalists saying the obama administration may be ready to include these in a fiscal cliff deal with republicans. whatever negotiations are taking place between the president and speaker john boehner, whatever each side is prepared to give up a a level of security. it's totally possible the white house actually has no intent on messing with medicare or social security benefits. but for the left the chatter is ominous. it's coming from well sourced reporters and we've been down this road before. the pursuit with john boehner in 2011, obama was willing. there's reason to suspect there's something to all this chatter. and the question then becomes why? why would obama who simply by doing nothing these next few weeks could get the tax hike on the wealthy he's been demanding without touching medicare and social security? why would he entertain such drastic changes to the safety net? most likely culprit is the dreaded debt ceiling. here's why. republicans came to these talks with no leverage. the consequences of doing nothing before
the chatter is being stirred by knowledgeable washington journalists saying the obama administration may be ready to include these in a fiscal cliff deal with republicans. whatever negotiations are taking place between the president and speaker john boehner, whatever each side is prepared to give up a a level of security. it's totally possible the white house actually has no intent on messing with medicare or social security benefits. but for the left the chatter is ominous. it's coming from...
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house or rather, president obama and the house speaker have spoken tonight. good news. this after they each fired another shot in the ongoing fight over how to resolve this fiscal cliff mess. cnn is now getting details about two new offers that were made and previously undisclosed, too. they kept a pretty tight lid on them. one of them by president obama, that was yesterday, then a counteroffer by the speaker. that was today. all of this as the president tells abc news tonight that he is confident that republicans will not hold middle class tax cuts hostage. so there's a lot of news that's all of a sudden coming out. after some relative quiet. our white house correspondent dan lothian is on the case and joins me now by telephone, because you've been working your sources. take me into the conversation. all of this breaking late today and it sounds good. it sounds at least like there's some movement, dan. >> reporter: that's right. that's always been the issue, because as you know, it was just last week we were talking about the fact that there were no talks on
house or rather, president obama and the house speaker have spoken tonight. good news. this after they each fired another shot in the ongoing fight over how to resolve this fiscal cliff mess. cnn is now getting details about two new offers that were made and previously undisclosed, too. they kept a pretty tight lid on them. one of them by president obama, that was yesterday, then a counteroffer by the speaker. that was today. all of this as the president tells abc news tonight that he is...
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there was a hint of movement on the fiscal cliff deal between president obama and speaker boehner yesterday. here's where things stand for now. the white house sent over a proposal that lowered the revenue target for the president obama from $1.6 trillion to $1.6 trillion. he also increased spending cuts to $600 billion. so you have three things he's moving on there. speaker boehner was not impressed sending over his original offer of $800 billion in revenue. by the way that was the number last summer, summer of '11. acknowledged there's a long way to go. let's listen to him. >> i remain the most optimistic person in this town, but we've got some serious differences. the president and i had a pretty frank conversation about just how far apart we are. >> and in an interview with barbara walters, the president held firm and said time is running out. >> taxes are going to go up one way or the other. and i think the key is to make sure that taxes go up on the high end individuals like you and me, barbara. we can afford it. it is entirely possible for us to come up with a deal, but time is runni
there was a hint of movement on the fiscal cliff deal between president obama and speaker boehner yesterday. here's where things stand for now. the white house sent over a proposal that lowered the revenue target for the president obama from $1.6 trillion to $1.6 trillion. he also increased spending cuts to $600 billion. so you have three things he's moving on there. speaker boehner was not impressed sending over his original offer of $800 billion in revenue. by the way that was the number last...
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president barack obama and house speaker john boehner met face to face at the white house today. no details on their conversations but refs for both sides say the lines of communication remain open. the last time the president and the speaker met in person to talk about the fiscal cliff was more than three weeks ago. >>> just after midnight on sunday gay couples in washington state made history. the voter approved referendum was signed into law on wednesday. >>> venezuelan president yugo chavez is returning to cuba for more cancer surgery. this time he is making sure a new leader is in place in case he doesn't return. he named the vice president as his choice for his choice in case something happens to him. he's scheduled to be swarn in for a new six-year term on january 10th. >>> some very sad news for fans of music superstar jenny rivera. they have found the wreckage of the private jet believing to be carrying the popular mexican-american singer and six others. the plane lost contact early this morning. so far, no cause has been given for that crash. >>> the menorah has been il
president barack obama and house speaker john boehner met face to face at the white house today. no details on their conversations but refs for both sides say the lines of communication remain open. the last time the president and the speaker met in person to talk about the fiscal cliff was more than three weeks ago. >>> just after midnight on sunday gay couples in washington state made history. the voter approved referendum was signed into law on wednesday. >>> venezuelan...
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that's president obama and speaker baner. i haven't spoken to them today. they're not talking publically. but they are negotiating. i believe getting closer. you have to realize as part of the budget agreement of 2011 we did agree on $1.1 trillion in cuts. that's already there. and i also believe that it's very important that we raise the debt ceiling when we do the fiscal -- >> you will never get it. let me ask you. will the democrats get an increase in and i understand they don't want congress to vote anymore. that could hold up the package. >> it could. from my view of the world, would you give up the ability? you will hear the talking points saying a well balanced approach. simpson bowls was a dollar of new revenue for every $3 in spending reductions. particularly in the explosion that is the entitlement? >> that's out the window. >> but what is the balanced approach? >> i would be thrill ed. i will ask my congresswoman. would you give up the debt ceiling? it's a constitutional prerogative. >> in this time when the economy is fragile, not long-term, but
that's president obama and speaker baner. i haven't spoken to them today. they're not talking publically. but they are negotiating. i believe getting closer. you have to realize as part of the budget agreement of 2011 we did agree on $1.1 trillion in cuts. that's already there. and i also believe that it's very important that we raise the debt ceiling when we do the fiscal -- >> you will never get it. let me ask you. will the democrats get an increase in and i understand they don't want...
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president obama, house speaker john boehner met face-to-face at the white house today to try to prevent the fiscal cliff now just 23 days away. we don't have any details on their conversations, but reps for both sides say the lines of communication remain open. meanwhile, at least four republican senators now support a tax hike on wealthy americans. here is senator tom coburn of oklahoma. >> the fact is we're spending money that we don't have on things we don't absolutely need, and there's no grown-ups in washington that will say time-out, stop the politics, let's have a compromise rather than continue to play the game through the press and hurt the country. >> more on this story in just a few minutes with our senior political analyst, david gergen. >>> a half million dollars, that's the bond set today by a judge near dallas for cowboys nose tackle josh brent. he was behind the wheel in a car accident this weekend that killed teammate jerry brown, jr. police believe brent was drunk when he flipped his mercedes yesterday morning. >>> we have an update to last week's tragedy in kansas cit
president obama, house speaker john boehner met face-to-face at the white house today to try to prevent the fiscal cliff now just 23 days away. we don't have any details on their conversations, but reps for both sides say the lines of communication remain open. meanwhile, at least four republican senators now support a tax hike on wealthy americans. here is senator tom coburn of oklahoma. >> the fact is we're spending money that we don't have on things we don't absolutely need, and...
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that after talking with house speaker john boehner over the weekend. their firps one on one in weeks. is that why republicans are saying they would swallow higher taxes for the right deal on spending cuts? we'll talk to tom cole who is making that case in just a few minutes. >>> bmw and mercedes are looking for the best selling luxury brand in the united states. wait until you hear what your money can get you these days. you're watching cnbc. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is q rea this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> is the u.s. consumer in trouble? the front page on this morning's "wall street journal" says yes. but are holiday sales and shipping proving otherwise? courtney reag
that after talking with house speaker john boehner over the weekend. their firps one on one in weeks. is that why republicans are saying they would swallow higher taxes for the right deal on spending cuts? we'll talk to tom cole who is making that case in just a few minutes. >>> bmw and mercedes are looking for the best selling luxury brand in the united states. wait until you hear what your money can get you these days. you're watching cnbc. ...so as you can see, geico's customer...
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house speaker john boehner. today, the president took his pitch to michigan. we look at the prospect of negotiating settlement with karl rove and joe trippi. they are back. they have numbers but no electoral maps. suppose both sides get a deal done in the next few days. what would the timeline look like for beating the end of the year deadline. we get out the crystal ball and calendars. brit hume has analysis on how a deal could get done. new video shows use of chemical weapons by the government. and california is going all in on solar power but a lot of californians say solar is taxpayer and consumer ripoff. "special report" starts at 6:00 eastern now. back to new york and my colleagues with "the five." ♪ ♪ >> dana: all right. several new developments to report on the royal phone prank in the u.k. radio station has taken the two d.j.s off the air who called the hospital where princess kate was being treated. they duped nurses to thinking they were the queen and prince charles. the nurse who put through thei
house speaker john boehner. today, the president took his pitch to michigan. we look at the prospect of negotiating settlement with karl rove and joe trippi. they are back. they have numbers but no electoral maps. suppose both sides get a deal done in the next few days. what would the timeline look like for beating the end of the year deadline. we get out the crystal ball and calendars. brit hume has analysis on how a deal could get done. new video shows use of chemical weapons by the...
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and house speaker john boehner actually stood in the same room. they breathed the same air, folks, and they talked and that's a big deal. especially since there's been so little of that going on lately. after the meeting, spokesman for both boehner and the president issued identical statements. that's nice. simply saying the line of communication remain open. that is promising according to former white house chief of staff erskine bowles. >> they've started to tango now and anytime you've got two guys tangoing. you've got a chance to get it done. >> how are the warnings affecting you? the american consumer. in the last few weeks, we have seen record shopping and black friday sales. we've also seen jobs numbers that are up. and today, fedex is expecting its busiest day ever. shipping about 19 million pa packages. that is about 20 packages per second. and loads of jet fuel. christine romans joining me now with more. those sound like great indicators. you're the trend lady. do the trends look like they're going to continue despite this horror show of
and house speaker john boehner actually stood in the same room. they breathed the same air, folks, and they talked and that's a big deal. especially since there's been so little of that going on lately. after the meeting, spokesman for both boehner and the president issued identical statements. that's nice. simply saying the line of communication remain open. that is promising according to former white house chief of staff erskine bowles. >> they've started to tango now and anytime you've...
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president obama met with house of representatives speaker boehner over the weekend. we did not hear anything from either one of them so folks could think a deal is in the works. and now, speaker boehner is pointing the finger at the democrats and harry reid says it will be hard to get anything done before christmas. we will get our shopping done and hold you accountable later. and now, mike, speaker boehner said the meet was friendly but not productive. >>reporter: you get a sense that president obama and speaker boehner get along fine but today boehner hammered the president essentially making the point that if he got the tax increases he wants, we would still face trillion dollar deficits. here is more from speaker boehner on cutting spending. >> the president doesn't agree with our approach, he has an obligation to put forward a plan that can pass both chambers of the congress. right now the american people have to be scratching their heads and wondering when the president will get serious. >>reporter: you hear frustration from the speaker of the house and we hear
president obama met with house of representatives speaker boehner over the weekend. we did not hear anything from either one of them so folks could think a deal is in the works. and now, speaker boehner is pointing the finger at the democrats and harry reid says it will be hard to get anything done before christmas. we will get our shopping done and hold you accountable later. and now, mike, speaker boehner said the meet was friendly but not productive. >>reporter: you get a sense that...
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-- and the speaker's staff and you saw this very tight coordination of messaging between obama and boehner that indicated they were working together well. then we see this from the speaker today. but after that, the aides came out privately and talked to us and we got some indication that those staff-level talks are going to continue through this weekend. so i think we're seeing a sort of two-track thing. a public negotiation and private negotiation of the staffers. i would still be encouraged but i have a $1 bet here with ben white that says we don't get this deal until after christmas and that we're going to have a little drama between now and then. >> can i respond to a bet. >> a $1 bet is pathetic. >> i don't -- do i look like mitt romney to you. i don't have $10,000 in my wallet. >> like the guys from trading places. >> he's going to be back on here and when a deal is made there's going to be greenery behind him, closer to christmas, that's how these deals happen, they happen fast at the last minute. >> you think pre-christmas. >> probably 24th, 23rd in there. >> i think after the 27t
-- and the speaker's staff and you saw this very tight coordination of messaging between obama and boehner that indicated they were working together well. then we see this from the speaker today. but after that, the aides came out privately and talked to us and we got some indication that those staff-level talks are going to continue through this weekend. so i think we're seeing a sort of two-track thing. a public negotiation and private negotiation of the staffers. i would still be encouraged...
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. >> as the fiscal cliff deadline approaches president obama and house speaker john boehner may be working on a deal privately. the associated press says the two have been talking secretly by telephone. among the proposals the white house may agree to less tax revenue but the speaker still wants to see what cuts the president will make. publicly neither side is giving away anything right now. >> we're still waiting for the white house to identify what spending cuts the president willing to make as part of the balanced approach that he promised the american people. >> what is required is, you know, agreement by republicans to some specific revenues that includes raising rates. >> and right now there is no indication the president is willing to compromise on his insistence that tax rates for the highest earners must go up. >> protests over michigan's right to work legislation carried into the night. earlier demonstrators were outside and inside the capitol as michigan's house passed the bill the senate approved earlier. protesters demand the governor veto the bill. >> i appreciate they have
. >> as the fiscal cliff deadline approaches president obama and house speaker john boehner may be working on a deal privately. the associated press says the two have been talking secretly by telephone. among the proposals the white house may agree to less tax revenue but the speaker still wants to see what cuts the president will make. publicly neither side is giving away anything right now. >> we're still waiting for the white house to identify what spending cuts the president...
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first the outlines of a deal between president obama and speaker boehner. as we've told you, you take the two positions we're looking at between $800 billion and $1.6 trillion in new tax revenue. enough savings to hold off the sequester. compare that to the simpson-bowles proposal and you'll see a big difference. as a starting point the plan would allow the bush tax cuts to expire for everybody. it proposes tax reform that would produce another trillion in tax revenue t. could produce more revenue than the proposals from president obama or speaker boehner combined. in addition simpson bowles would cut spending by nearly $3 trillion, half that have coming from national security. that's right. more defense cuts. than people have been talking about. it all adds up to around $4 trillion worth of deficit reduction. the plan also reforms social security to raise the retirement age and raise the maximum amount you can tax. and for the middle class it would turn mortgage into a 12% tax credit. co-author of the plan alan simpson said on cbs' "face the nation" there'
first the outlines of a deal between president obama and speaker boehner. as we've told you, you take the two positions we're looking at between $800 billion and $1.6 trillion in new tax revenue. enough savings to hold off the sequester. compare that to the simpson-bowles proposal and you'll see a big difference. as a starting point the plan would allow the bush tax cuts to expire for everybody. it proposes tax reform that would produce another trillion in tax revenue t. could produce more...
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president obama and house speaker john boehner are keeping tight-lipped about those talks. in michigan on monday, the president warned going over the fiscal cliff will cost jobs and send the country in a downward spiral. >>> colorado is now the second state after washington in which marijuana is now legal. that became the law yesterday, when the governor put a voter-approved amendment into the state's constitution. the implementation of the law will be worked out by a special task force. in a statement, the u.s. attorney noted that pot remains illegal, though, under federal law. >>> well, family and friends are remembering that navy s.e.a.l. who gave his life to rescue an american doctor in afghanistan. abc's senior foreign affairs correspondent martha raddatz has more on the life of this fallen warrior. >> reporter: nicolas checque was just 28 years old. but for much of the last decade he had been a navy s.e.a.l. the last five years, part of the elite s.e.a.l. team six. in iraq, afghanistan, wherever he was needed, checque carried out dangerous missions. just like the one
president obama and house speaker john boehner are keeping tight-lipped about those talks. in michigan on monday, the president warned going over the fiscal cliff will cost jobs and send the country in a downward spiral. >>> colorado is now the second state after washington in which marijuana is now legal. that became the law yesterday, when the governor put a voter-approved amendment into the state's constitution. the implementation of the law will be worked out by a special task...
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obama and speaker boehner meeting face-to-face over the fiscal cliff. they're not sayinn what they talked about as the "a team" joins us next. lou: the joining now e "a team" special assistant to the george bush ron christie, d pulitzer prize winning journalist never an assistant to george w. bush love and president mors says the rescind his powers to rested a civilian industry? >> good news tonight. he knowledg he had to make a concession that doesn't matter in the long run. it iall about t referendum for the islamist constitution. >> he has not backed away. lou: giving the obama administration, john negroponte e ging support do you agree things are betterhan six months ago? >> here i have to agree they acknowledge immorality. egypt is going in a bad direction. there is nothing we could have done. >> egypt has retained with the policies it is pursuing. the decision to go to day u are the political expert , to go into michigan that frustrates the president ey just soldd a123 1/4 million taxpayer money and 13 union workers going ba to chrysler. it is the
obama and speaker boehner meeting face-to-face over the fiscal cliff. they're not sayinn what they talked about as the "a team" joins us next. lou: the joining now e "a team" special assistant to the george bush ron christie, d pulitzer prize winning journalist never an assistant to george w. bush love and president mors says the rescind his powers to rested a civilian industry? >> good news tonight. he knowledg he had to make a concession that doesn't matter in the...
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. >> there is big news tonight out of washington where speaker john boehner and obama are talking. this is actually not nothing, not in this town. early last week they really weren't talking, and neither were their staffs. progress on what to do about all those expiring tax cuts and schedule spending cuts and that possible recession congress might create, totally stalled. but now today they are talking, and their staffs are talking, and they're even exchanging paper, real paper. news leaked today that in the last few days, there have been new offers and new counteroffers in the negotiations. but they sound, to be honest, not that different from the old offers. reports that mr. obama has gone from $1.6 trillion in taxes to $1.4 trillion but hasn't budged much on entitlements. mr. boehner really hasn't moved on taxes at all. he is still i'm told at $800 billion, although details on his offer are sparse. earlier today i asked michael steele, john boehner's press secretary for details on the, quote, deal. i was writing quickly and meant to say offer, but i wrote deal. he wrote back we
. >> there is big news tonight out of washington where speaker john boehner and obama are talking. this is actually not nothing, not in this town. early last week they really weren't talking, and neither were their staffs. progress on what to do about all those expiring tax cuts and schedule spending cuts and that possible recession congress might create, totally stalled. but now today they are talking, and their staffs are talking, and they're even exchanging paper, real paper. news...
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president obama and house speaker john boehner know they have to reach agreement this week if there's to be a deal, which is why they met behind closed doors on sunday. spokesmen for both men say that lines of communication remain open with the president reiterating today that he's up for a big deal. >> i have said i will work with republicans on a plan for economic growth, job creation, and reducing our deficits. i'm willing to compromise a little bit. but if we're serious about reducing our deficit, we've also got to be serious about investing in the thiges that help us grow and make the middle class strong. >> as for speaker boehner, he continued his political posturing today with a statement. quote, the republican offer made last week remains the republican offer, and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balanced approach he promised the american people. that said, an increasingly limber group of republicans are showing flekx 5eb89 on higher rates for top earners arguing raising rates on the rich will give them gre
president obama and house speaker john boehner know they have to reach agreement this week if there's to be a deal, which is why they met behind closed doors on sunday. spokesmen for both men say that lines of communication remain open with the president reiterating today that he's up for a big deal. >> i have said i will work with republicans on a plan for economic growth, job creation, and reducing our deficits. i'm willing to compromise a little bit. but if we're serious about reducing...
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today president obama returns to campaign mode taking the fiscal cliff message to detroit. yesterday the president and speaker boehner met privately at the white house, their first face-to-face meeting since they agreed last week to clear everyone else out of the negotiating room. so what happened? well, neither side revealed anything about the meetings, only saying that the lines of communication remain open. but yesterday another influential republican, senator bob corker from the senate banking commission said his party should consider the president's idea of raising tax rates on the wealthy. >> there is a growing group of folks that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year end. we have one house, that's it. the presidency and the senate is in the democrat's hands. a lot of people are putting forth a theory and i think it has merit where you go in and give the president the 2% increase that he's talking about, the rate increase on the top 2% and all of a sudden the shift goes back to entitlements. i ac
today president obama returns to campaign mode taking the fiscal cliff message to detroit. yesterday the president and speaker boehner met privately at the white house, their first face-to-face meeting since they agreed last week to clear everyone else out of the negotiating room. so what happened? well, neither side revealed anything about the meetings, only saying that the lines of communication remain open. but yesterday another influential republican, senator bob corker from the senate...
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finally, president obama goes behind closed doors with house speaker john boehner. they're trying to hash out a deal before we go over the fiscal cliff. can they come to an agreement? >>> those australian deejays who pranked the hospital where du h duchess katherine was staying apparently speaking out after the nurse tried to commit suicide after she took the call. >>> and tuition based on your major. one state is considering doing just that, but is it fair. >>> a navy s.e.a.l. dies while helping rescue an american doctor held hostage by kidnappers. details on this gripping rescue straight ahead. >>> and california congresswoman judy chu will join us. congress people connie mack and mary mack, politics to the macks, get it? and adam lambert. all starting right now. you can come in, john. you just have to dance in. we've got the music going. our panelists this morning, congressman joseph crowley is with us. he's a democrat from the great state of new york. margaret hoover is with us, cnn political contributor. ron brownstein is the editorial director of "the national
finally, president obama goes behind closed doors with house speaker john boehner. they're trying to hash out a deal before we go over the fiscal cliff. can they come to an agreement? >>> those australian deejays who pranked the hospital where du h duchess katherine was staying apparently speaking out after the nurse tried to commit suicide after she took the call. >>> and tuition based on your major. one state is considering doing just that, but is it fair. >>> a...
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in his talks with the speaker, it really does make me despair and want to tear my hair out. the actual number for the savings from raising the medicare entitlement age over ten years, phasing it in slowly, the congressional budget office says is something like $115 billion over ten years. and that's phased in over time. the second ten years would be way more than that. it's a complicated thing. you need to look at it in a way that shields people who don't make as much money. but people like me, we're going to be working, i hope, till way past 65, don't need to rely on medicare. and the intransients, i have to say on both sides here, on tax rates on republicans, on entitlements from democrats is really just enough to make you want to -- >> tear your hair out? >> -- not have a good holiday season. >> you're going to pull your hair out twice today, ruth. >> exactly. i have enough left. >> ruth marcus, chris frates as well. >>> secretary of state hillary clinton will testify about the report on the deadly attack on the benefghazi consulate. a report by a review is expected to be
in his talks with the speaker, it really does make me despair and want to tear my hair out. the actual number for the savings from raising the medicare entitlement age over ten years, phasing it in slowly, the congressional budget office says is something like $115 billion over ten years. and that's phased in over time. the second ten years would be way more than that. it's a complicated thing. you need to look at it in a way that shields people who don't make as much money. but people like me,...
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fox news confirming president obama and the house speaker did talk on the phone today and traded proposals. advisers to the presidency the two sides are making progress. as with a market, stocks finied well off of flies, but still up solidly. the dow up 79 points, s&p nine, nasdaq 35. all three indexes moving above their 50 day moving averages for the first time in three months. volume picking up on the big board. three and a half billion shares traded. technology, the principal driver in the market. microsoft up on news it is upn production of its surface table, service tablet to better compete with appe, on a bullish report from merrill lynch about the growth of the smart phone and ipad markets. aig stock up on news the government sold the remaining common shares it holds. the sale means taxpayers realize the profit of $22 billion on the iginal bailout of 1,802,000,000,000. prices in the bond market down, pushing the yield on the treasury ten year to 165%. crude oil up. the price of a barrel of oil still under $86. the federal reserve and its today meeting on monetary policy and interest
fox news confirming president obama and the house speaker did talk on the phone today and traded proposals. advisers to the presidency the two sides are making progress. as with a market, stocks finied well off of flies, but still up solidly. the dow up 79 points, s&p nine, nasdaq 35. all three indexes moving above their 50 day moving averages for the first time in three months. volume picking up on the big board. three and a half billion shares traded. technology, the principal driver in...
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house speaker john boehner went to the floor and spoke about his meeting with president obama for the first time. boehner and the president sat down over the weekend. boehner says the meeting was nice and cordial but went on to attack the president's offer on spending cuts. >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. right now the american people have to be scratching their heads and wondering when is the president going to get serious? >> boehner and his far right caucus may find the offer unacceptable, but president obama has put a lot on the table. nancy pelosi hit back at boehner's rhetoric today. >> the fact is, the president has and democrats agree, to $1.6 trillion cuts. where are the cuts? in bills that you, mr. speaker, have voted for. >> pelosi is lobbying for house republicans to hold a vote on letting tax cuts expire for the wealthiest americ
house speaker john boehner went to the floor and spoke about his meeting with president obama for the first time. boehner and the president sat down over the weekend. boehner says the meeting was nice and cordial but went on to attack the president's offer on spending cuts. >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. the longer the white house slow walks...
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that's probably the best way to describe the fiscal talks between president obama and house speaker john boehner. with christmas less than two weeks away, the white house is faced with the same key question. can boehner deliver the votes for whatever deal they agree on? >> i remain optimistic and i'm pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individuals. >> but with time running out, neither side seems to have budged very far from the original proposal. the only good news about what happened in the past 24 hours, they are not publicly trashing each other's proposals. on monday the white house sent boehner a counteroffer which at beast can be incremental movement. almost on the details of the offer are under wraps. the $1.6 trillion in tax revenue the president was demanding can come down to slightly under 1.4 trillion. it's still $600 billion higher than the republican position. in a signal to the president in his conference, basically said the president's counteroffer was uncut. >> where are the president's spe
that's probably the best way to describe the fiscal talks between president obama and house speaker john boehner. with christmas less than two weeks away, the white house is faced with the same key question. can boehner deliver the votes for whatever deal they agree on? >> i remain optimistic and i'm pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individuals. >> but with time running out, neither side seems to...
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how are those behind the scenes talks going between president obama and the speaker? >> i want people to know that the president and i met on sunday. it was a nice meeting. it was cordal. we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. you know, where are the president's spending cuts? >> flash point, syria. has assad backed off his chemical weapons threat? >> we haven't seen anything new for aggressive steps to move forward in that way. >> and hair envy. what will harry reid miss most about retired senator ben nelson? >> he had a lot of real hair. it's often that people call his office -- they believe he has a toupe. it's his hair. he will pull it for every time just to show you that it's real. i mean, he has hair like a 15-year-old, mr. president, and so i have to acknowledge i am a little envious of his hair. ♪ i want it long, straight, curly, fuzzy ♪ >> you wonder why we don't have a budget deal yet. good day. i'm andrea mitchell live
how are those behind the scenes talks going between president obama and the speaker? >> i want people to know that the president and i met on sunday. it was a nice meeting. it was cordal. we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. you know, where are the president's spending cuts? >> flash point, syria. has assad backed off his chemical weapons threat?...
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i have the feeling that if you really left it to the president and the speaker, obama and boehner, they could work it out. they got forces behind both that will try to separate them, but that's where their leadership comes into play. look, this country -- i'd rather be an american economically poised for the future than a citizen of any other country in the world. what's standing in the way of us really surging economically is the government, and if we can get together and adopt a bipartisan long-term debt reduction plan, i think our economy's going to take off. >> i want to get into foreign policy now. you are the three amigos, the experts in this genre. i want to talk about the middle east exploding that you've hinted at and also benghazi and susan rice, which i know is a favorite subject of yours, senator. >> so good of you, pierce. it's me? alright emma, i know it's not your favorite but it's time for your medicine, okay? you ready? one, two, three. [ both ] ♪ emma, emma bo-bemma ♪ banana-fana-fo-femma ♪ fee-fi-fo-femma ♪ em-ma very good sweety, how do you feel? good. yeah?
i have the feeling that if you really left it to the president and the speaker, obama and boehner, they could work it out. they got forces behind both that will try to separate them, but that's where their leadership comes into play. look, this country -- i'd rather be an american economically poised for the future than a citizen of any other country in the world. what's standing in the way of us really surging economically is the government, and if we can get together and adopt a bipartisan...
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you gotta taste this soup. >>> speaker boehner and president obama may not agree upon much these days, but they do agree on at least one thing. silence is golden.
you gotta taste this soup. >>> speaker boehner and president obama may not agree upon much these days, but they do agree on at least one thing. silence is golden.
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you gotta taste this soup. >>> speaker boehner and president obama may not agree upon much these days, but they do agree on at least one thing. silence is golden. it's monday, december 10th, and this is "now." >> joining me today making television history together, jonathan chait of new york making sfwleen, and editor of the new republic
you gotta taste this soup. >>> speaker boehner and president obama may not agree upon much these days, but they do agree on at least one thing. silence is golden. it's monday, december 10th, and this is "now." >> joining me today making television history together, jonathan chait of new york making sfwleen, and editor of the new republic
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. >>> president obama an house speaker john boehner met face-to-face. now just 22 days away, we don't have much details on theirs conversation. >>> some gay couples living in washington state made history after midnight sunday becoming the first legal same-sex marriages in the state. the governor signed the voter approved referendum into law on wednesday. >>> some very sad news for fans of music super star jenni rivera. they have found the wreckage of the private jet believed to be carrying the popular mexican-american singer. there doesn't appear to be any survivors. the plane lost contact early sunday morning. those are your headlines this hour. cnn, the most trusted name in news. >> it's almost impossible to imagine what madonna badger has opinion through. she woke up to find her house engulfed in flames. she was unable to save her three young daughters and her parents. nearly a year she's learning to try to get on with her life. an extraordinary example of strength and courage. she joins me in a primetime exclusive. i don't even know where to start
. >>> president obama an house speaker john boehner met face-to-face. now just 22 days away, we don't have much details on theirs conversation. >>> some gay couples living in washington state made history after midnight sunday becoming the first legal same-sex marriages in the state. the governor signed the voter approved referendum into law on wednesday. >>> some very sad news for fans of music super star jenni rivera. they have found the wreckage of the private jet...
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. >>> and president obama and house speaker boehner mum on fiscal cliff negotiations. and a sign that a deal could be near. >>> new world order, the economy growing at an enormous rate in china, and in a few years it will surpass the u.s. what it means, coming up. >>> dozens of homes damaged in the south, ripping off roofs and damaging trees. more to come. stamp watch, straight ahead. >>> lots to talk about this morning. the next two hours, we'll talk with steve israel. jeff sessions, sandy levin, rahm emanuel and businessman javier paolomarez, ed burns, frankie monday easy, and chuck leavell. "starting point" begins right now. welcome, everybody. "starting point" this morning, angry, united. bracing for protests in michigan as the state is poised to become the most unionized right to work state. as many as 10,000 unionized workers expected at the state capitol to voice their disapproval of the measure. some of them teachers, two detroit area school districts shut down for the day as hundreds of teachers plan to join the protest. president obama brought it up during a
. >>> and president obama and house speaker boehner mum on fiscal cliff negotiations. and a sign that a deal could be near. >>> new world order, the economy growing at an enormous rate in china, and in a few years it will surpass the u.s. what it means, coming up. >>> dozens of homes damaged in the south, ripping off roofs and damaging trees. more to come. stamp watch, straight ahead. >>> lots to talk about this morning. the next two hours, we'll talk with...